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Author Question: Consider the market for Good X in the country Xenon. Which of the following statements regarding ... (Read 28 times)

big1devin

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on: May 24, 2019
Consider the market for Good X in the country Xenon.  Which of the following statements regarding international trade in Good X is correct?
◦ If Xenon imports Good X, the world price of X must be lower than Xenon's pre-trade price of Good X.
◦ If Xenon exports Good X, the world price of X must be lower than Xenon's pre-trade price of Good X.
◦ If Xenon has a comparative advantage in Good X, it will import more of Good X after trade.
◦ If Xenon has a comparative advantage in Good X, Xenon will produce less of Good X after trade.
◦ If Xenon imports Good X, the world price of Good X must fall.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by big1devin on May 24, 2019

spencer.martell

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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big1devin

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Reply #2 on: May 24, 2019
Excellent


spencer.martell

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Reply #3 on: May 24, 2019
Great! Please up vote :D


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